The Double Fine Adventure Kickstarter Page has an update on the startlingly immediate success of this effort at crowdsourcing the funding for Double Fine's next adventure game, which may or may not be Psychonauts 2. The project has now raise over triple its $400K goal, and here's word:

UPDATE: We did it! 100% funded in just over eight hours. You people are amazing! But it's not over yet. The number keeps going up and now the question is just how much news do we want to make with this? We're getting a lot of attention already and it seems like this little project could have an impact beyond itself.

All money raised will go to make the game and documentary better. Additional money means it can appear on more platforms, be translated into more languages, have more music and voice, and an original soundtrack for the documentary, and more!

Your backing and comments have been truly inspiring to me and the team, so on behalf of Double Fine and 2 Player Productions I want to say THANK YOU!!!

Orogogus wrote on Feb 10, 2012, 18:13:I enjoyed Full Throttle, but it was wrapped up very well. Same with Grim Fandango. It seems like such a bad idea to crack them back open and cram in sequels.

Thats what prequels are for

Ugh.

You are in luck. Someone linked a tweet from Tim (in this thread I think?). Lucasarts policy is to NEVER sell IP. So we will never get any more full throttle, grim fandango, or day of the tentacle games from tim. And its incredibly unlikely we will get any from Lucasarts either, they consider the genre dead. If they did do any, they'd probably screw them up.

Anyways the description of this is BRAND NEW adventure game, and in this thread I laid out a bunch of logical reasons why its not a psychonauts sequel, and other replies came up with some other ones. And we will find out in the first monthly dev video anyway.